New York A 3837: Establishes a state disaster emergency grant and loan program

Bill Text

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A03837 Summary:

BILL NOA03837 

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SAME ASNo Same As

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SPONSORJones

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COSPNSR

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MLTSPNSR

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Amd §858, add §859-c, Gen Muni L

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Establishes a state disaster emergency grant and loan program administered by industrial development agencies for certain small businesses.

Go to top A03837 Actions:

BILL NOA03837 

&nbsp

01/30/2025referred to local governments

09/08/2025enacting clause stricken

Go to topA03837 Committee&nbspVotes:

Go to topA03837 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA03837 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3837

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 30, 2025
 ___________

 Introduced by M. of A. JONES -- read once and referred to the Committee
 on Local Governments

 AN ACT to amend the general municipal law, in relation to establishing a
 state disaster emergency grant and loan program

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Subdivisions 16 and 17 of section 858 of the general munic-
 2 ipal law, as renumbered by chapter 356 of the laws of 1993 are renum-
 3 bered subdivisions 18 and 19 and two new subdivisions 16 and 17 are
 4 added to read as follows:
 5 (16) To provide loans to small businesses as authorized in section
 6 eight hundred fifty-nine-c of this title;
 7 (17) To provide grants to small businesses, as defined in paragraph
 8 (b) of subdivision one of section eight hundred fifty-nine-c of this
 9 title, for the purpose of addressing qualified business losses, as
 10 defined in paragraph (e) of subdivision one of section eight hundred
 11 fifty-nine-c of this title, resulting from a state or local emergency,
 12 as defined in paragraph (c) of subdivision one of section eight hundred
 13 fifty-nine-c of this title, to be provided in a manner consistent with
 14 uniform criteria, as defined in subdivision three of section eight
 15 hundred fifty-nine-c of this title, said uniform criteria to be estab-
 16 lished for the evaluation and selection of eligible entities, as defined
 17 in paragraph (a) of subdivision one of section eight hundred
 18 fifty-nine-c of this title;
 19 § 2. The general municipal law is amended by adding a new section
 20 859-c to read as follows:
 21 § 859-c. Disaster emergency loan program. 1. For purposes of this
 22 section:
 23 (a) "eligible entity" shall mean a small business that:
 24 (i) is physically located in the jurisdiction of the applicable agen-
 25 cy; and

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD08268-01-5

 A. 3837 2

 1 (ii) was operational prior to, and during, to the extent possible, the
 2 state or local emergency.
 3 (b) "small business" means a business with not more than fifty employ-
 4 ees.
 5 (c) "state or local emergency" means the period beginning with (i) a
 6 declaration by the governor pursuant to section twenty-eight of the
 7 executive law, that a disaster has occurred in New York state, or (ii) a
 8 proclamation by the chief executive, as defined in paragraph f of subdi-
 9 vision two of section twenty of the executive law, of any county, that a
 10 local state of emergency has occurred, and with respect to either of the
 11 foregoing, said period ending on the termination thereof.
 12 (d) "disaster emergency loan program" means a loan program to be
 13 administered by an agency in relation to a state or local emergency.
 14 (e) "qualified business losses" are defined as:
 15 (i) damage to a business's interior or exterior structure, caused by a
 16 state or local emergency;
 17 (ii) losses of inventory caused by a state or local emergency, includ-
 18 ing:
 19 (1) shipping delays; and
 20 (2) expiration of perishable goods due to power outages caused by the
 21 state or local emergency or forced closure due to the state or local
 22 emergency; and
 23 (iii) loss of revenue due to impacts of the state or local emergency.
 24 2. Any agency may administer a disaster emergency loan program to
 25 provide loans from available revenue to such an eligible entity as
 26 defined in subdivision one of this section.
 27 3. (a) A